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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: kenteen who wrote (7830)	10/30/1997 1:35:00 AM
From: Rudy	Read Replies (2) \| Respond to of 13456

*OFF TOPIC* Short Candidate: I was going thru some charts and checked something that drew my attention. MSFT has been topping for quite some time IMO. I checked the chart a little closer. MSFT - 131-1/8 Weekly trend has been down for quite sometime. RSI sloping down. 30WK MA is at 128.745 and chart support is at 124-1/2. I think both will be tested soon and will be broken. Next chart support is at 104-1/4 and I believe a pull down towards 100 is very possible. Directional ADX is bearish (9th day of sloping up while -DI is above +DI) indicating a major reversal. Daily trend is up now. 200 DMA is at 119.879. Lately volume has increased substantially with price deterioration. All these signs are bearish and I think MSFT is in the brink of a break down. If MSFT breaks as I predict, it may bring new clouds to Nasdaq. Well I guess time will tell. All disclaimers... Good investing.